Saved Help Save& Exit Submit hapter 15 Equity Method Securities Check my work QS 15-11 Equity method transactions LO P4 .28 oints Montero Co. holds 100,000 common shares (40%) of ORD Corp. as a long-term investment. ORD Corp. paid a S 100,000 dividend on November 1, 2017, and reported a net Income of $700,000 for 2017 (a) & (b) Prepare entry to record the receipt of the dividend and the December 31, 2017, year-end adjustment required for the investment account. eBook Print References View transaction list Journal entry worksheet 12 Record the receipt of the dividend Note: Enter debits before credits